Best Forex Trading App in the Netherlands for 2024 - TOP 5 Comparison

1
8.61
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2
8.28
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3
7.19
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Many traders in the Netherlands use mobile apps to trade. Many brokers operate in this country, each offering their own platform. Before making a choice, it is important to evaluate apps to find the one that perfectly suits your goals and strategy. TU analysts compared Top 5 mobile apps. You will be able to choose the Best Forex Trading App in the Netherlands for 2024, based on our assessments.

1
8.61
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The minimum deposit in RoboForex is $10. Leverage up to 1:2000. Traders choose RoboForex for reliability, favorable trading conditions, minimum spreads, and commission fees. The company is recommended for beginner traders and experienced investors.

2
8.28
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FBS is a broker for those who appreciate a variety of trading instruments and prompt support. The company is suitable for both beginners and experienced traders working on PCs and smartphones.

3
7.19
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TeleTrade is a broker for traders who value the variety of trading instruments and trade using their PC or a mobile app. The company is a good broker both for beginners and experienced traders.

4
5.92
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XBTFX provides access to a large number of CFDs on the most sought-after assets. The entry threshold is low, a demo is available, and the minimum deposit is only $10. Spreads on the Standard account are average for the market, while on ECN they are below the market average. The fee is less than that of this broker’s leading competitors. Passive income is available in all the main options, which is a big plus. The main disadvantages are that deposits and withdrawals are made only in cryptocurrencies and this broker does not disclose some trading information on its website.

5
6.98
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The broker is focused on cooperation with active traders, regardless of their trading experience.

Best Forex Trading App in the Netherlands for 2024

RoboForex FBS TeleTrade XBTFX IronFX

Trading platform

MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader

MT4, Mobile Trading, MT5

MT4, MT5

cTrader, MetaTrader4, MetaTrader5

WebTrader, MetaTrader4

Min deposit

$10

$10

$1

$10

$100

Leverage

From 1:1
to 1:2000

From 1:1
to 1:3000

From 1:1
to 1:10

From 1:1
to 1:500

From 1:30
to 1:0

Trust management

No

No

No

No

No

Accrual of % on the balance

No

No

No

No

No

Spread

From 0 points

From 1 point

From 0.8 points

From 0 points

From 0 points

Level of margin call / stop out

60% / 40%

40% / 20%

70% / 20%

No

40% / 20%

Execution of orders

Market Execution, Instant Execution

Market Execution

Market Execution, Instant Execution

Market Execution

STP, Market Maker, ECN

No deposit bonus

No

No

No

No

No

Cent accounts

Yes

Yes

No

No

No

  • Is Forex legal in the Netherlands?

    Absolutely, Forex trading is on solid legal ground in the Netherlands. Regulated by the Dutch Authority for the Financial Markets (AFM), the market operates within a framework that ensures fairness and transparency.

  • How much do Forex traders make in the Netherlands?

    Forex trading incomes can vary widely. While some traders enjoy substantial profits, others may face losses. Success in Forex requires skill, strategy, and a thorough understanding of the market. It's not a guaranteed path to wealth, but with the right approach, traders in the Netherlands can achieve financial success trading forex.

  • Can I trade Forex in the Netherlands?

    Absolutely, you can trade Forex in the Netherlands. The regulatory oversight provided by the AFM ensures a secure trading environment. Just be aware of the risks, stay informed about market trends, and choose licensed brokers to enhance your trading experience.

1
Best Forex Apps in the Netherlands - RoboForex

RoboForex is a well-established brokerage company offering a broad spectrum of trading opportunities for active traders and investors alike. With an impressive selection of over 12,000 financial instruments - including currency pairs, CFDs on stocks, indices, metals, energies, and futures - RoboForex provides a versatile trading environment.
The broker boasts competitive trading conditions: tight spreads starting from 0 pips, high leverage up to 1:2000, and fast execution speeds. The broker also offers the CopyFx investment program, which allows traders to copy the strategies of successful investors and earn passive income. Additional perks include instant fund withdrawals and some of the industry’s highest affiliate payments (up to 84%).
RoboForex prioritizes reliability and client satisfaction, establishing itself as a trusted partner for traders worldwide.

👍 Advantages of trading with RoboForex for traders in the Netherlands:

Availability of favorable trading conditions and a minimum deposit

Unique investment program CopyFx

Highest affiliate payments: up to 84% of the fee paid by the referral

Market launch - STP and ECN

Instant withdrawal of funds

Minimum deposit - $10

👎 Disadvantages of RoboForex for traders in the Netherlands:

A small number of currency pairs - 36, for accounts: Pro, Pro-Cent, ECN, Prime

Lack of tools when trading on the R StocksTrader platform

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2
Best Forex Apps in the Netherlands - FBS

FBS is an international broker with a strong presence in Asia, offering a wide range of trading instruments including Forex, stocks, indices, energies, and metals. With over 90 international awards and 27 million clients across 150 countries, FBS boasts a strong global reputation.
The company provides flexible trading conditions: leverage up to 1:3000, floating spreads from 0.7 pips, commission-free trading, and fast execution speeds starting at 0.01 seconds. FBS ensures client security with negative balance protection and offers a user-friendly experience on familiar trading platforms.
While FBS doesn't currently offer cryptocurrency trading or passive income options like PAMM accounts and copy trading, its competitive conditions and extensive educational resources make it a compelling choice for traders seeking a comprehensive and accessible experience.

👍 Advantages of trading with FBS for traders in the Netherlands:

negative balance protection;

a large selection of trading instruments;

the support service works 24/7.

👎 Disadvantages of FBS for traders in the Netherlands:

no cryptocurrency;

auto copying is not available;

no PAMM accounts;

not suitable for short-term trading, such as scalping;

the support service works in a limited number of languages;

only two real accounts.

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3
Best Forex Apps in the Netherlands - TeleTrade

TeleTrade is a global broker serving clients worldwide. They offer trading on Forex, indices, stocks, metals,cryptocurrencies, and energies. While lacking PAMM accounts and certain investment options, TeleTrade boasts a robust copy trading service, a strong affiliate program, and diverse account types (ECN, NDD, crypto). With sufficient leverage (up to 1:500) and spreads from 0 pips, the broker caters to various trading styles, including scalping, intraday trading, and medium to long-term strategies.
TeleTrade supports traders with market analytics, expert forecasts, an economic calendar, and a comprehensive education section on their website.

👍 Advantages of trading with TeleTrade for traders in the Netherlands:

detailed analytical section;

informative educational section.

👎 Disadvantages of TeleTrade for traders in the Netherlands:

no PAMM accounts or other money management options;

a small range of trading instruments;

few withdrawal options;

support is available 24/5;

withdrawals delayed;

technical support responds slowly;

sometimes it takes a long time to verify data.

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4
Best Forex Apps in the Netherlands - XBTFX

XBTFX is a CFD and cryptocurrency broker for BTC, ETH, XRP, LTC, BNB, and other altcoins. CFDs on more than 200 assets, such as currency pairs, cryptocurrencies, stocks, indices, commodities, and precious metals are available. There is a free demo account and two live account types, namely Standard and ECN. Clients can open an Islamic swap-free account upon request. The minimum deposit is $10. Spreads on the ECN account are raw starting from 1 pips. There are no trading fees on Standard and Islamic accounts, while on ECN, the fee is $3.5 per full lot. MetaTrader 4 (MT4), MetaTrader 5 (MT5), and cTrader are available to traders. The maximum leverage is 1:500. This broker offers good training with articles for novice traders and experienced market participants. Passive income options are a copy trading service, MAM and PAMM accounts, and a referral program.

👍 Advantages of trading with XBTFX for traders in the Netherlands:

This broker offers a wide pool of assets from different groups, which provides for diversifying risks and expanding profit potential;

The demo account is free, while for trading on live account types a $10 deposit is required. Top trading platforms are available;

This broker does not set restrictions on trading, thus scalping, hedging, use of advisors, and trading news are available;

Traders’ costs are minimal with spreads starting from 1 pips (or from 0.01 pips on the ECN account);

Educational materials are aimed at novice traders and experienced users;

Several passive income options such as the copy trading service, joint accounts, and a referral program are available;

Technical support works 24/7 and is available via call center and email.

👎 Disadvantages of XBTFX for traders in the Netherlands:

All trading instruments are CFDs;

Deposits and withdrawals can be made only in cryptocurrencies, fiat currency is not available;

This broker does not provide its services to residents of Belgium, Belarus, Russia, Iran, North Korea, Sudan, Yemen, etc.

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5
Best Forex Apps in the Netherlands - IronFX

IronFX was launched in January 2010 by a team of specialists in finance and software development. Today, IronFX has grown to be among the industry leaders that provide online trading services globally. Customers can use the MT4 advanced trading platforms and trade more than 300 tools from 6 various asset classes. IronFX serves individual as well as corporate clients from over 180 countries. IronFX is highly valued for providing cutting-edge technological innovation on trading platforms and trading tools.

👍 Advantages of trading with IronFX for traders in the Netherlands:

round-the-clock communication with a multilingual support TEAM on weekdays;

wide range of trading assets;

👎 Disadvantages of IronFX for traders in the Netherlands:

the verification procedure can be repeated;

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How to Choose a Forex Broker’s App in the Netherlands?

Choosing the right Forex broker's app is a critical first step for any aspiring trader in the Netherlands. Here are some expert tips to navigate through the numerous options and find the one that suits your needs:

1

Regulation
Ensure the broker is regulated by reputable authorities like AFM (Autoriteit Financiële Markten) to guarantee a secure and transparent trading environment.

2

User-Friendly Interface
Opt for an app with an intuitive interface. As a beginner, you want a platform that is simple to navigate.

3

Demo Accounts for Practice
Look for brokers offering demo accounts. This account lets you practice trading without risking real money, helping you get comfortable with the platform.

4

Available Trading Instruments
Check if the app provides a variety of trading instruments. A diverse selection allows you to explore different markets and find your niche.

5

Transaction Costs
Consider the transaction costs involved. Some brokers may offer low spreads but charge extra in commissions. Evaluate the overall cost structure to avoid surprises.

6

Educational Resources
A good broker cares about your success. Look for apps that offer educational resources like webinars, tutorials, or market analysis to enhance your trading skills.

7

Customer Support
Test the customer support responsiveness. You want a broker with excellent customer service to address any issues promptly.

By keeping these tips in mind, you'll be better equipped to choose a Forex broker's app that aligns with your trading goals and level of expertise.

Best Forex trading app for beginners in the Netherlands

RoboForex stands out as the premier choice for novice traders. RoboForex has a user-friendly interface characterized by simplicity and intuitiveness ensuring a seamless trading experience. The platform goes the extra mile by providing educational resources, aiding in a comprehensive understanding of Forex intricacies.

With the added benefit of a complimentary demo account, you can hone your trading strategies risk-free. Moreover, RoboForex offers an extensive array of trading instruments, spanning currencies, stocks, commodities, and indices, facilitating portfolio diversification for a well-rounded trading journey.

Is Forex legal in the Netherlands? Is it safe?

Forex trading is legal in the Netherlands, governed by the Dutch Authority for the Financial Markets (AFM) since its establishment in 2002. The AFM being a member of the European Securities and Markets Authority (ESMA), AFM harmonizes its regulations with ESMA standards.

To operate in the Netherlands, Forex brokers undergo stringent scrutiny by AFM, focusing on financial stability, transparency, and ethical business conduct. AFM ensures a level playing field, safeguarding investors through fair and transparent broker operations within legal boundaries.

While the Netherlands has a regulated Forex environment, prudent caution regarding associated risks is important. Stay informed of market trends, and regulatory shifts, and evaluate your chosen broker's performance, to be up to speed in your trading journey.

Is Forex taxable in the Netherlands?

Yes, in the Netherlands, Forex gains are subject to taxation. The tax rates for Forex gains in the Netherlands fall under the income tax system. This category includes savings and investments. Under this category income or capital gains are not taxed, instead a deemed interest on your assets is taxed. The fixed rate is 31% and note that this rate is applied to a deemed return on your net assets, not specifically your Forex profits. In essence, engaging in Forex trading in the Netherlands incurs a tax obligation. Keep meticulous records of your transactions and seek guidance from financial advisors.

Summary

In this review, you had an opportunity to learn about the features of 5 brokers, which traders in the Netherlands choose the most. However, now you need to choose the best of them. You can do it using the scores given by the Traders Union. Check out the score table that will help you choose the Best Forex Trading App in the Netherlands 2024.

RoboForex FBS TeleTrade XBTFX IronFX

Overall score

8.61

8.28

7.19

5.92

6.98

Execution of orders

8.95

9.5

3.21

2.77

6.85

Investment instruments

8.2

6.96

6.7

5.55

8.87

Withdrawal speed

9.71

9.57

7.79

9.69

7.23

Customer Support work

9.17

7.58

8.41

5.95

7.03

Variety of instruments

8.75

7.02

8.75

8.02

8.02

Trading platform

6.86

9.03

8.29

3.53

3.88

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Team that worked on the article

Mikhail Vnuchkov
Author at Traders Union

Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.

Olga Shendetskaya
Author and editor at Traders Union

Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.

Mirjan Hipolito
Cryptocurrency and stock expert

Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO).